Investor Presentaiton
Leisure: Q2 2023/24
Q2 Earnings Update:
John
Keells
Group
2022/23
2023/24
Key indicators
(Rs. mn)
Q2
Q3
Q4
Q1
Q2
Q2
2023/24
Q2
2022/23
Colombo Hotels*
EBITDA
1,065
1,005
Occupancy (%)
29
43
62
49
67
ARR (USD)
62
65
63
70
69
EBITDA Margin (%)
(4)
12
14
(3)
13
Sri Lankan Resorts
Occupancy (%)
31
38
62
55
71
ARR (USD)
57
63
71
59
62
EBITDA Margin (%)
(25)
(11)
33
(18)
4
Maldivian Resorts
Occupancy (%)
ARR (USD)
EBITDA Margin (%)
86
91
89
82
82
316
372
416
336
315
26
31
40
23
17
The Sri Lankan Leisure businesses continued
to record an improvement in performance,
with an increase in occupancies and room
rates across properties.
The Colombo Hotels segment continued its
strong performance in restaurant operations
whilst recording an increase in the number of
events and banquets.
The performance of the Group's Maldivian
Resorts segment was impacted by a change in
the mix of overall arrivals to the Maldives.
Profitability was further impacted by higher
distribution costs due to the channel mix.
*Occupancies and ARRS exclude "Cinnamon Red Colombo". The performance of "Cinnamon Life Colombo",
currently under construction, will be reported once the project commences operations.
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